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People are worried that AI will take everyone’s jobs. We’ve been here before.

Jan 27, 2024 - technologyreview.com
The article discusses the historical and current debates about technological unemployment, the idea that advancements in technology could lead to job losses. It references the Great Depression era when new machinery was transforming industries and causing job losses, and compares it to the present day fears over the impact of artificial intelligence (AI). The article argues that while technology has indeed transformed the nature of jobs and led to some job losses, it has also created new industries and jobs. It criticizes Elon Musk's prediction of a jobless future due to AI, calling it a distraction and emphasizing that there's no convincing evidence of such a future.

The article also highlights the need for companies to take responsibility for the impact of technological transitions on workers. It suggests that technology can be used not just to replace workers, but to expand their skills and capabilities, leading to economic growth and new jobs. It concludes by stating that the future of work defined by AI is a choice, not an inevitability, and companies need to prioritize the best service of the public over quick profits.

Key takeaways:

  • The article discusses the historical and ongoing debate about whether technological advancements, particularly AI, lead to job loss or job creation.
  • While some, like Elon Musk, predict a future where AI can do everything and no jobs are needed, the article argues that there is no convincing evidence for this and that the end-of-work concept is a distraction.
  • It is suggested that AI and automation can be used to augment workers' skills and capabilities, leading to economic growth and new jobs, rather than simply replacing workers.
  • The article emphasizes the responsibility of AI companies to consider the impact of their technology on workers and to prioritize public service over quick profits.
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